The Great Southern's Gross Regional Product was estimated at $2.2 billion (indicative only) in 2004/05, representing a 7.4 per cent increase compared to the previous year. The Great Southern Region remains the second largest producer of agricultural commodities in Western Australia, accounting for almost 13 per cent of the State’s agriculture output. The main agriculture industries include broadacre cropping, livestock and wool. Some other major industries include retail trade, manufacturing, tourism and construction. These industries have been ranked by their contribution to the regional economy.
In 2003/04, the total value of agricultural production in the Great Southern was $810.9 million. Crops accounted for $488 million, livestock disposals accounted for $180 million, and wool and other animal product accounted for $143 million.
Commercial activity in the Region has been increasing. The Department of Local Government and Regional Development estimates that retail turnover reached $452.5 million in 2004/05. Employment by industry, which is released every five years (part of the Australian Bureau of Statistics Census 2001) indicated that 18.3 per cent of the Region’s workforce (ABS Usual Residence) were employed in retail and wholesale trades and another 16.0 per cent were engaged in education, health and community services.
Manufacturing activity in the Region is based largely on the supply of equipment and machinery to the agricultural sectors and for the processing of agricultural commodities. From the latest manufacturing data (2001/02), total sales and service income was estimated at $279 million.
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Tourism continues to have strong potential for the future. Across 2004 and 2005, there were on average 539,800 overnight domestic and international visitors to the Region. Total tourism expenditure was estimated at over $200.4 million.
The building and construction industry has grown in recent years. There were 586 dwelling approvals in 2004/05 and total approvals were valued at $132 million.
Mining production was valued at $4.0 million in 2004/05 and was comprised largely of silica sand, valued at $2.5 million and spongolite valued at $1.4 million.
The value of the fishing industry was estimated at $4.7 million in 2004/05 and the total catch was 2,570 tonnes. In addition, considerable effort is being directed toward the development of aquaculture.
Blue gum plantations in the Region are increasing at a rate of 5,000 hectares a year. There is an estimated 135,000 hectares planted. There is also a resource of 8,514 hectares of pines, consisting of 3,714 hectares of Pinus radiata and 4,800 of Pinus pinaster. The approximate value of the plantations is $500 million.
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